Bearish Engulfing Pattern Probable, sell the bounces!
Sell the bounces!
IMO we have a bearish engulfing pattern playing out.
1. Price couldn't pierce the resistance line
2. Evening star candle in a up trend with progressively lower volume
3. AUD/USD has been and I believe continues to be a sellers market
4. China's economy is a proxy of AUD and China's eco data is dovish
IMO we have a bearish engulfing pattern playing out.
1. Price couldn't pierce the resistance line
2. Evening star candle in a up trend with progressively lower volume
3. AUD/USD has been and I believe continues to be a sellers market
4. China's economy is a proxy of AUD and China's eco data is dovish